The Securities and Exchange Board of India (SEBI) announced on Monday its decision to establish a high-level committee to conduct a detailed review of conflict of interest and disclosure norms related to property, investments, and liabilities of SEBI board members and officials.

The committee is tasked with submitting its recommendations within three months of its formation. These recommendations will be presented to the SEBI board for consideration.

The committee will include individuals with expertise and experience in areas such as constitutional or statutory bodies, regulatory institutions, government or public sector roles, private sector, and academia.

The names of the committee members will be disclosed later, SEBI Chairperson Tuhin Kanta Pandey stated during a press briefing after the board meeting.

According to Pandey, the committee’s objective is to review and propose measures to strengthen the existing framework for addressing conflict of interest and improving disclosures. This initiative is aimed at ensuring transparency, accountability, and ethical conduct among SEBI board members and officials.

Catch all the latest developments from SEBI’s board meeting here.